When you open a company in Cyprus
, depending on the type of activity which will be effectuated, there are a set of business permits and licenses
that have to be issued by the relevant local authorities.
Some types of companies, though, like those which activate in the financial sector, must comply with stricter regulations and have to obtain special licenses prior to starting to do business.
Examples of business licenses which must be obtained in Cyprus
Some examples of the business permits and licenses in Cyprus which have to be obtained from the relevant authorities include:
• A sales permit, which is issued by the municipal authority of the area where the company is located;
• An alcohol and tobacco permit;
• An import or export license, which is obtained from the Department of Customs and Excise;
• A banking and insurance license, overseen by the Central Bank of Cyprus;
• A general business permit;
• A professional driving license, issued by the Department of Road Transport;
• A food service permit;
• A child care license.
A person or a business entity which intends to work in the construction sector has to be issued a permit
from the local authority in the area where the building will take place. Our company registration
advisors in Cyprus
can offer more details on this type of permit
on the island.
The license for the use of professional premises in Cyprus
To utilize any building or another kind of premises for effectuating business activities, such as industrial, commercial or professional activities, in Cyprus, a license for the use of professional premises must be obtained.
This license is issued by the Municipal or Community Council, in the circumstances in which the activity will be undertaken.
This type of license
can be obtained by all private or legal entities, if the Municipal or Community Council is proven that certain criteria are met. Our Cypriot company formation agents
can offer further details on what these criteria consist of.
If you need to know more about the business permits and licenses in Cyprus
, or for help to open a Cypriot company
, please get in touch
with our friendly staff.